NIFTY Intraday Trade Setup For 17 Mar 2023
Buy-Above 17065
Sl-17015
T- 17145 17230
Sell-Below 16950
Sl-17000
T-16850 16744
NIFTY has took a pause in the mega down move and closed on a flat note today. It is near our first weekly sell target which is 16600-700. Low made today is 16850.15. So we are are almost near to the bottom. It has formed a (hammer) halt/reversal candle in daily TF. Above its high if sustained we will start the pullback move. And as price matures we will have the clear view and upside targets. Next round of selling will resume below 16850. Today it opened and sell triggered below 16935 and hit our 1st target (16935-16850.15).
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17065 then we will long. T- 17145 and 17230.
For selling we need a 15 Min candle close below 16950. T- 16850 and 16744.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Buy-Above 17065
Sl-17015
T- 17145 17230
Sell-Below 16950
Sl-17000
T-16850 16744
NIFTY has took a pause in the mega down move and closed on a flat note today. It is near our first weekly sell target which is 16600-700. Low made today is 16850.15. So we are are almost near to the bottom. It has formed a (hammer) halt/reversal candle in daily TF. Above its high if sustained we will start the pullback move. And as price matures we will have the clear view and upside targets. Next round of selling will resume below 16850. Today it opened and sell triggered below 16935 and hit our 1st target (16935-16850.15).
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17065 then we will long. T- 17145 and 17230.
For selling we need a 15 Min candle close below 16950. T- 16850 and 16744.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
